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Tag: AI Chip Rivals

Cerebras Shares Fall 10% on Earnings Debut, with Margins Below AI Chip Rivals

Cerebras reported 94% revenue growth in the first quarter, but shares fell 10% after investors focused on margins that remain below those of larger AI chip rivals.

Cerebras nearly doubled first-quarter revenue and narrowed its net loss in its first earnings report as a public company, driven by growing demand for AI inference infrastructure. The company is expanding its footprint through a multi-year OpenAI agreement valued at more than $20 billion and a partnership with Amazon Web Services.